MEXC vs Bybit in comparison

MEXC

MEXC operates a web platform along with apps for iOS and Android. App users have rated it favorably: in Apple's US App Store, the iOS app holds a rating of 4.74 out of 5 from 8,409 ratings, in the German App Store it has 4.68 out of 5 from 3,273 ratings, and on Google Play, the Android app shows 4.6 out of 5 from 313K reviews and has more than 10M downloads. In our view the interface is built for people who trade often. A single account provides access to spot and futures trading, copy trading, grid and DCA bots, Earn products, and Convert. The charts feature TradingView integration. Demo trading allows users to practice futures orders with virtual funds before risking real money. This setup requires some time to master initially. For beginners, the Buy Crypto and Convert screens offer a straightforward starting point, while the more advanced trading tools can be explored after understanding the basics.

Bybit

Bybit runs on the web and in apps for iOS and Android, and Bybit EU has its own app. In our view, one account for spot, derivatives, copy trading and bots works well once you know what you want to trade, but the number of products and order screens takes time to learn.

App store users rate the main app well: 4.72 on the UK App Store from 5,195 ratings, 4.74 on the German App Store from 7,438 ratings and 4.6 on Google Play from 1.43 million reviews. The Bybit EU app has 4.55 on the German App Store from 360 ratings.

MEXC

In our view, range is what sets MEXC apart. Its public spot API lists 1,262 coins in 1,900 active pairs, including 16 pairs against the euro, and its futures market has 1,207 contracts on crypto, stocks, and commodities. MEXC's own figure of more than 3,000 tradable assets is higher because it also counts products beyond spot. MEXC says its matching engine handles 1.4 million transactions per second. The platform offers features such as copy trading, spot grid and futures grid bots, recurring DCA purchases, Earn, Loans, P2P trading, RealStocks, Stock Futures, Pre-Market, On-Chain, Launchpad, Meme+, and MEXC AI. Event Futures introduce short-term contracts on whether a coin's price will move up or down within a set time. Leverage comes through futures contracts rather than through margin on spot. We rate MEXC's functions highly for that breadth, allowing an active trader to move between spot, futures, copy trading, and bots without leaving the account.

Bybit

Bybit's range covers spot, spot margin, perpetual and dated futures, inverse contracts and options, plus copy trading, grid and dollar-cost averaging bots, Bybit Earn, crypto loans, a P2P market, TradFi products through MT5 and 11 tokenized US stocks on spot.

The limits: Bybit EU lists 108 crypto assets and no USDT or USDC perpetual or futures contracts, and in the UK Bybit relaunched with spot trading and P2P. Bybit closed its NFT marketplace in April 2025. In our view, the range is broad for traders, and we rate it a little lower than Kraken's.

MEXC

Low trading fees are a big part of MEXC's appeal in our view. On BTC/USDT, makers incur a 0% fee and takers a 0.05% fee for spot trading, while BTCUSDT perpetual futures have a 0% maker fee and a 0.02% taker fee. A special offer known as 0-Fee Fest eliminates fees on selected spot and futures pairs, and using MEXC's MX token to pay spot fees grants an extra discount. The fees vary across pairs: out of 1,900 active spot pairs, 250 impose no taker fee, 1,110 apply a 0.08% fee, and 200 impose a 0.2% fee. Deposits of BTC and USDT are free, while withdrawal fees are fixed and detailed by MEXC for each coin and network. For instance, a Bitcoin withdrawal costs 0.00002 BTC on the Bitcoin network or 0.000001 BTC via Lightning. We rate MEXC's fees highly, especially on BTC/USDT, where a limit order that waits in the order book pays no fee. Our compilation of crypto exchanges with the lowest fees shows how MEXC compares.

Bybit

Fees are the criterion we rate highest for Bybit. Spot trading starts at 0.10% maker and 0.10% taker at VIP 0 and falls to 0.030% maker and 0.045% taker at Supreme VIP. Perpetual and futures contracts start at 0.02% maker and 0.055% taker, and options at 0.02% maker and 0.03% taker. Crypto deposits are free, and P2P trades carry no Bybit fee.

Costs rise for spot pairs against a fiat currency (0.20% taker), for xStocks (0.20%), for One-Click Buy, where the third-party provider sets the fee, and on Bybit EU (0.25% on spot). In our view, Bybit is among the cheaper exchanges for regular trading; our ranking of exchanges by fees shows how other platforms compare.

MEXC

We rate MEXC's reserve reporting as a clear plus. MEXC provides a monthly proof of reserves, utilizing a Merkle tree structure, and this is supported by an audit report from Hacken, accessible via the proof-of-reserves page. In the latest snapshot, reserves covered 119% of user USDT, 111% of USDC, 297% of BTC and 111% of ETH, so each of these four assets was backed by more than the users' balances. Accounts support two-factor authentication, and MEXC maintains a Guardian Fund for platform issues alongside a futures insurance fund for extreme market moves. These funds are MEXC's own and do not constitute deposit insurance. According to MEXC, it has not experienced any major security breaches or thefts since its inception in 2018. A snapshot reflects holdings on a specific day, and in our view it is one indicator among several. The ratios and audit report are publicly available for your review before opening an account. Licensing details are included in a separate section below.

Bybit

Security and trust is the other criterion we rate lowest for Bybit. In its favor, Bybit publishes regular proof-of-reserves reports, names two-factor and hardware authentication in its legal documents and announced a SOC 2 Type II audit by Deloitte, and Bybit EU holds a MiCA authorization from Austria's FMA.

Against it: about $1.5 billion was stolen from Bybit in February 2025, a theft the FBI attributed to North Korea. In our view, the reserve report after the hack is reassuring.

MEXC

MEXC offers newer traders multiple learning avenues. Demo trading provides practice with virtual funds, while recurring DCA purchases spread out buying over time. Copy trading allows users to mimic the trades of a chosen lead trader, who takes a profit share of 10% by default. The Buy Crypto page accommodates Visa and Mastercard cards, bank transfers, and Apple Pay. Before engaging with MEXC's products, KYC is necessary, and the initial level requires just a photo of an identity document. We believe newcomers should be cautious with leverage, as futures trading with up to 500x leverage on BTC shares the same account as spot trading. At this leverage, even minor price movements can close a position. For those primarily interested in an easy first purchase, we rate Coinbase and Bitpanda a little higher for beginners. Bitpanda also holds a licence under MiCAR. Our crypto exchanges for beginners list includes more options.

Bybit

Beginner friendliness is one of the two criteria we rate lowest for Bybit. All products and services need at least Standard identity verification, which Bybit says usually takes about 15 minutes and at times up to 48 hours. Advanced adds proof of address and Pro adds extra due diligence, and the daily withdrawal limit rises from 1 million USDT at Standard to 2 million USDT.

Recurring Buy, One-Click Buy and P2P give newcomers simple ways in. In our view, the trading screens, the leverage on offer and the number of products make Bybit a better second platform than a first one.

MEXC

MEXC provides detailed information about its account rules. The help centre describes each KYC level along with its respective withdrawal limit, while the Learn section offers guides on deposits, withdrawals, and the profit-share rules of copy trading. The About page identifies the chief executive as Vugar Usi, and Robert MacDonald as the chief compliance officer. The user agreement is concluded with "MEXC Trading Platform", governed by the laws of England and Wales, and requires disputes to be arbitrated at the HKIAC. In our view the documentation is thorough. If you're considering maintaining larger balances on the exchange, examine the dispute clause of the user agreement first.

Bybit

Bybit's help center has public articles on fees, identity verification and restricted countries, which we read for this review. For a problem, you submit a case to Customer Support; Bybit says you then receive an automated email with the case number and that the team replies within one working day, at least for verification issues. In our view, the help center is good for self-service, and the case system leaves you a written record.